Required Information The following information applies to the questions displayed below.) The cash records and bank statement for the month of May for Diaz Entertainment are shown below. DIAZ ENTERTAINMENT Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance Cash Balance - May 1, 2021 $5,289 May 31, 2021 $5,100 + Cash Receipts $12,640 Cash Receipts Desc. Sales Sales Sales Sales sales Date 5/3 5/19 5/17 5/24 5/31 471 Anunt $ 1,469 1,899 2,529 2,999 3,139 Cash Disbursements $12,220 Cash Disbursements Checkt Desc. Leal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries Date 5/7 5/12 5/15 5/22 5/29 5/31 Amount $ 1,200 1,679 3,600 1,500 559 3,699 $12,229 $12,040 Member FDIC 7772854369 May 31, 2921 Ending Balance May 31, 2821 $6,219 P.O. Box 162647 Midwest Bank Bowless, OK 74839 Looking Out For You (495) 369-CASH Account Holder: Diaz Entertainment Account Number: 124 Saddle Blvd, Bowles, OK 74839 statement Date: Account Summary Beginning Balance Deposits and Credits koithdrawals and Debits May 1, 2021 NO. Total NO. Total $6,269 $19.959 9 $10,100 Account Details Deposits and Credits boithdrawals and Debits Date Alpunt Desc. Date No. Alpunt Desc. 5/4 $ 1,469 DEP 5/1 469 5/11 1,299 DEP 470 439 CHK 5/18 2,529 DEP 5/9 471 CHK 5/29 1. 169 NOTE 5/11 499 NSF 5/29 5/12 472 1,679 CHK 5/25 2,999 5/18 473 3,600 CHK 5/31 INT 5/29 1,589 CHK 5/31 $ 19,050 $19, 189 CHK Date 5/1 5/2 5/4 5/2 5/9 Daily Balance Aldunt $ 5,719 5,220 6,740 5,440 6,939 5,260 4,129 4,740 6,239 $ 6,219 INT DEP EFT 5/11 5/12 5/18 5/29 5/25 5/31 5/25 Desc. DEP Customer deposit TOTE Note collected EFT Electronic funds transfer IT Interest earned CHE Customer check SF Service fees ESF Nonsufficient funds Additional Information: a. The difference in the beginning balances in the company's records and the bank statement relates to checks #469 and #470, which are outstanding as of April 30, 2021 (prlor month). b. The bank made the EFT on May 20 in error. The bank accidentally charged Diaz for payment that should have been made on another account. 2. Record the necessary cash adjustments. (If no entry is requlred for a transaction/event, select "No Journal Entry Required" In the first account fleld. Total entries to the same account together when entering in the Journal entry carousel.) View transaction list Journal entry worksheet Record the amounts that increase cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the amounts that decrease cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
